^{Mechanisation is a priority at JPG, driving efficiency and sustainability across our plantations.}


JOHOR BAHRU, May 20 (Bernama) -- Johor Plantations Group Berhad’s (JPG) profit after tax (PAT) rose 52% to RM75.27 million for the first quarter ended 31 March 2025 (1QFY2025), up from RM49.53 million in corresponding quarter last year on higher crude palm oil (CPO) and palm kernel (PK) prices.

Quarterly revenue rose 15.4% to RM340.43 million in 1QFY2025 compared to RM294.91 million in 1QFY2024. Meanwhile, earnings per share (EPS) in the quarter increased to 3.04 sen from 2.45 sen a year ago.

CPO delivery declined by 10.7% from 62,925 MT in 1QFY2024 to 56,203 MT in 1QFY2025, and PK delivery dipped by 4.6%, in line with industry trend. Despite lower production volumes, the Group continued to deliver strong financial results. This was driven by a 22.2% increase in the average realised CPO selling price, a 65.2% rise in PK selling price, and a higher selling price premium recorded during the quarter, reinforcing the Group’s ability to sustain performance through value optimisation.

The Group’s average CPO selling price stood at RM4,969/MT, reflecting a premium of RM236/MT over the Malaysia Palm Oil Board (MPOB) average price. PK also commanded a premium, with an average price of RM3,898/MT, RM269/MT above the MPOB reference price.

Given the elevated stock levels and the gradual recovery in demand, the Group remains cautiously optimistic about its operational plans and production discipline to sustain resilient performance. While crude palm oil prices may continue to face near-term pressure amid broader global uncertainties, the Group maintains a prudent outlook and is strategically positioned to capture value as market fundamentals strengthen in the quarters ahead.

The Board has declared an interim dividend of 1.00 sen per share for the quarter, which is payable on 24 June 2025. It remains confident in the year’s outlook and is committed to maintaining a minimum annual dividend payout of 50% of Profit After Tax and Minority Interest (PATAMI).

“We are encouraged by the strong start to the year. Our focus remains on delivering long-term, sustainable growth through operational excellence, innovation, and value creation for all stakeholders,” said Managing Director, Mohd Faris Adli Shukery.

About Johor Plantations Group Berhad

Established in 1978, Johor Plantations Group Berhad (JPG), is a subsidiary of Kulim (Malaysia) Berhad, which in turn is a wholly owned subsidiary of Johor Corporation (JCorp). JPG is principally involved in the production of crude palm oil and palm kernels. It primarily owns, manages, and cultivates oil palms and harvests fresh fruit bunches produced on the plantation estates that it owns or rents in Malaysia, primarily in the state of Johor. The subsidiaries of JPG are principally involved in the production of palm oil and palm kernels, production of biomethane, dealer of agricultural machinery and parts for plantation use, sales of oil palm seedlings and other plantation products and services, provision of training and safety-related services along with the supply of safety products and refining of oil palm and trading of palm oil products. JPG was listed on the main market of Bursa Malaysia on 9 July 2024.
 
For more information, please visit www.johorplantations.com 


SOURCE : Johor Plantations Group Berhad (JPG)

FOR MORE INFORMATION, PLEASE CONTACT:
Johor Plantations Group Berhad
Name: Dalilah Ibrahim
Head of Corporate Communication
Tel: 012-328 1727 
Email: dalilah@johorplantations.com 

Perspective Strategies Sdn. Bhd.
Name: Amiruddin Azran
Tel: 011-11452867
Email: amiruddin.azran@perspective.com.my 

--BERNAMA